Apple signs $600 million deal to buy part of Dialog’s power-management chip business

Apple and Dialog have sealed a complex deal worth $600 million that includes licensing the chip maker’s power-management technology, hiring 300 of its employees, and a long-term purchasing agreement.

In a press release this morning, Dialog confirmed terms of the deal. Apple will pay $300 million to Dialog, a supplier of power-management chips used in iPhones, which will give Apple licenses to Dialog’s technology. In addition, Apple will bring on board 300 of Dialog’s engineers and take possession of several of its offices in Europe.